Today Japan’s SBI Holdings announced it’s investing in Singapore fintech RootAnt Global, taking a 4.85% stake. The startup has a supply chain finance solution that uses R3’s Corda enterprise blockchain.
It’s good timing given the ramp-up in supply chain activity as a result of the COVID lull.
A joint venture is planned between RootAnt and SBI subsidiary BYFIN, which focuses on digital transformation for banks and businesses. The joint offering, SBI BANCO, targets regions including Japan, Hong Kong and Vietnam.
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